What does that term actually mean??
Terms that are not well understood can lead to ill-considered actions.
In Larry White's podcast on "Problem Terminology in Accounting and Business", he rightly points out that customers or users who are often confused or bewildered about what they may need, may retreat back to the world of regulatory reporting because it feels more concrete.
But regulatory reporting is not helpful for them to make better business decisions.
Here are some of the terms for which he provides definitions.
💠 Financial Internal Decision Support Information
💠 Management Accounting
💠 Cost Accounting
💠 Managerial Costing
💠 Financial Accounting
💠 Profitability Analytics To learn more on this and other subjects, visit the PACE website and follow our LinkedIn and X/Twitter page.